Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

DragonWave’s shares surge on distribution deal with Ingram Micro Australia

Tuesday, March 14, 2017 9:30
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Shares in DragonWave Inc. (NASDAQ:DRWI) have surged more than 71% today after the Canadian telecom company said it has signed a deal with Ingram Micro Australia.

The Ottawa-based wireless broadband component supplier’s share price jumped 71.72% to $1.97 each in early US trading.

Under a master sales and services agreement, Ingram Micro will expand its wireless vendor portfolio to the Australian channel using DragonWave’s Harmony Enhanced MC products. 

Harmony Enhanced MC provides high bandwidth rural connectivity of 4 to 8 gigabits in a single radio. It offers fibre-equivalent capacities for rural backhaul without having to install expensive fibre connections.

“Our partnership with Ingram Micro Australia further expands our sales and support capabilities across Australia,” said DragonWave president and chief executive, Peter Allen.

“Ingram Micro will help launch our new Harmony Enhanced MC product line into very important channel markets where wireless networks are playing an ever-increasing role to augment ongoing National Broadband Network fiber builds.”

Allen said the partnership will also support its Harmony Care programme, a customer service for the deployment of DragonWave’s products.

Story by ProactiveInvestors


Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.